Saturday, February 20, 2010
Will the crash in BigLaw hiring be a boon for lesser-"ranked" law schools?
We won't know for a while, but if some law schools didn't place a lot of their grads in BigLaw firms before the crash, and the graduates at those "lesser" schools find more jobs than those do who hail from "elite" schools, will we see a big change in the USNWR rankings in a couple of years, when the data from the placement crash play out?
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This is an interesting question - a related question is whether there will be a trickle down into what we might consider secondary legal markets (of Harvard, Yale, etc. grads). I imagine that you will see a little of this, but perhaps not as much as you might expect - many elite school grads may very well be willing to take non-high paying jobs in NYC, Chicago, LA, etc. than higher paying large law firm jobs in secondary markets. Of course, this is just a guess - it will be interesting to see how this plays out.
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